Fondaction has made a significant investment in EnerServ to enhance its service offerings and strengthen its market position within the Canadian energy sector.
Target Information
EnerServ, founded in 2011, is a leading independent provider of inspection, maintenance, and emergency repair services for turbines and alternators in Canada. The company primarily operates within the hydroelectric and biomass sectors and has built a reputation for excellence in maintaining and upgrading large equipment, much of which was installed in the mid-20th century. With a fleet of ten fully equipped mobile units, EnerServ is capable of providing on-site services to meet urgent client needs. The establishment of a new facility represents a vertical integration strategy that enhances their service offerings and strengthens their market position.
As a significant player in turbine and alternator maintenance, EnerServ is committed to responding to industry demands amidst a labor shortage. The company aims to extend its service offerings to include refurbishment of turbine-alternator components that cannot be repaired in situ, thereby boosting its operational capacity and creating approximately six new jobs, while also expanding its presence in Western Canada.
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Industry Overview
The energy sector in Canada is a vital and robust industry, characterized by its focus on renewable resources such as hydroelectricity and biomass. With an annual market value estimated at $500 million, t
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Fondaction
invested in
EnerServ
in 2021
in a Growth Equity & Expansion Capital deal
Disclosed details
Revenue: $500M